QRG Capital Management Inc. Lowers Stake in Honda Motor Co., Ltd. (NYSE:HMC)

QRG Capital Management Inc. trimmed its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 270,411 shares of the company’s stock after selling 1,565 shares during the quarter. QRG Capital Management Inc.’s holdings in Honda Motor were worth $8,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in Honda Motor by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after purchasing an additional 258,160 shares in the last quarter. Value Partners Investments Inc. raised its holdings in Honda Motor by 72.8% during the fourth quarter. Value Partners Investments Inc. now owns 235,000 shares of the company’s stock valued at $7,264,000 after acquiring an additional 99,000 shares during the period. Seven Eight Capital LP purchased a new position in Honda Motor in the 1st quarter worth approximately $1,509,000. Dimensional Fund Advisors LP grew its stake in Honda Motor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after acquiring an additional 141,552 shares in the last quarter. Finally, Vise Technologies Inc. grew its position in shares of Honda Motor by 45.8% during the fourth quarter. Vise Technologies Inc. now owns 11,645 shares of the company’s stock valued at $360,000 after purchasing an additional 3,660 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Honda Motor Stock Up 0.2 %

NYSE:HMC traded up $0.05 during mid-day trading on Friday, hitting $29.49. 910,141 shares of the company’s stock traded hands, compared to its average volume of 961,247. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The company has a market capitalization of $50.45 billion, a P/E ratio of 6.25, a P/E/G ratio of 2.81 and a beta of 0.68. The company has a fifty day moving average of $31.78 and a 200 day moving average of $33.79.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The business had revenue of $36.56 billion for the quarter, compared to analysts’ expectations of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. On average, analysts forecast that Honda Motor Co., Ltd. will post 4.55 EPS for the current year.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.